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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
OPERATING ACTIVITIES    
Net income $ 310,840 $ 269,345
Adjustments to reconcile net income to cash provided by operating activities:    
Provision (credit) for loan and lease losses 16,883 28,501
Deferred tax expense (benefit) 13,642 67,270
Net change in current taxes (21,266) 17,115
Depreciation 71,484 67,749
Net (decrease) increase in accrued interest payable (1,552) 401
Net (increase) decrease in income earned not collected (7,650) (4,471)
Gain on acquisitions 0 (134,745)
Securities (gains) losses, net 0 (4,664)
Marketable equity securities gain (loss), net (9,265) 0
Gain on extinguishment of debt (26,517) 0
Origination of loans held for sale (456,193) (471,862)
Proceeds from sale of loans held for sale 468,705 487,017
Gain on sale of loans held for sale (8,640) (11,317)
(Gain) loss on sale of portfolio loans 0 (1,007)
Net writedowns/losses on other real estate 3,156 3,152
(Gain) loss on sales of premises and equipment (1,450) (490)
Net accretion of premiums and discounts (22,965) (34,535)
Amortization of intangible assets 17,580 16,994
Net change in FDIC receivable for shared-loss agreements 0 5,799
Net change in FDIC payable for shared-loss agreements 3,234 3,195
Net change in other assets 339,289 (9,521)
Net change in other liabilities (53,708) 10,178
Net cash provided by operating activities 635,607 304,104
INVESTING ACTIVITIES    
Net increase in loans outstanding (702,356) (771,593)
Purchases of investment securities available for sale (979,495) (1,891,967)
Purchases of investment securities held to maturity (68,699) 0
Purchases of marketable equity securities (2,818) 0
Proceeds from maturities/calls of investment securities held to maturity 196,146 20
Proceeds from maturities/calls of investment securities available for sale 946,293 1,436,113
Proceeds from sales of investment securities available for sale 119,273 538,317
Proceeds from sales of marketable equity securities 9,503 0
Net decrease (increase) in overnight investments 455,295 (458,027)
Proceeds from sales of portfolio loans 0 162,486
Cash paid to the FDIC for shared-loss agreements 0 (7,440)
Net payment to the FDIC for termination of shared-loss agreements 0 (285)
Proceeds from sales of other real estate 23,488 31,072
Proceeds from sales of premises and equipment 1,648 2,920
Purchases of premises and equipment (88,270) (60,090)
Net cash acquired in business acquisitions (106,298) 300,703
Net cash used in investing activities (196,290) (717,771)
FINANCING ACTIVITIES    
Net decrease in time deposits (218,826) (469,540)
Net increase in demand and other interest-bearing deposits 496,499 538,084
Net decrease in short-term borrowings (127,547) (59,207)
Repayment of long-term obligations (717,370) (6,819)
Origination of long-term obligations 125,000 175,000
Repurchase of common stock (58,086) 0
Cash dividends paid (12,612) (7,206)
Net cash (used in) provided by financing activities (512,942) 170,312
Change in cash and due from banks (73,625) (243,355)
Cash and due from banks at beginning of period 336,150 539,741
Cash and due from banks at end of period 262,525 296,386
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES:    
Transfers of loans to other real estate 17,013 26,926
Dividends declared but not paid 4,168 3,603
Transfer of Loans Held-for-sale to Portfolio Loans 2,016  
Transfer of Portfolio Loans and Leases to Held-for-sale   161,719
Transfer of investment securities available for sale to held to maturity $ 2,485,761 $ 0